Noritake Co., Limited Logo

Noritake Co., Limited

5331.T

(3.5)
Stock Price

3.835,00 JPY

5.78% ROA

7.89% ROE

9.75x PER

Market Cap.

103.781.486.360,00 JPY

4.89% DER

3.21% Yield

7.54% NPM

Noritake Co., Limited Stock Analysis

Noritake Co., Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Noritake Co., Limited Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.79x), the stock offers substantial upside potential at a bargain price.

2 DER

The stock has a low debt to equity ratio (5%), which means it has a small amount of debt compared to the ownership it holds

3 Dividend Growth

The company's dividend growth has exhibited a remarkable upward trend over the past five years, consistently delivering higher returns to investors.

4 ROE

The stock's ROE falls within an average range (8.29%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

5 ROA

The stock's ROA (6.2%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 Net Profit Growth

The net profit of this company has shown steady growth over the past three years, highlighting its positive financial trajectory and making it an appealing choice for potential investors.

8 Assets Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

9 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

10 Dividend

The company's consistent dividend payments over the past three years indicate a strong commitment to delivering returns to investors.

11 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (139.347), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

Noritake Co., Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Noritake Co., Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Noritake Co., Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Noritake Co., Limited Revenue
Year Revenue Growth
2004 118.314.000.000
2005 123.206.000.000 3.97%
2006 129.240.000.000 4.67%
2007 133.368.000.000 3.1%
2008 112.984.000.000 -18.04%
2009 87.595.000.000 -28.98%
2010 105.378.000.000 16.88%
2011 102.151.000.000 -3.16%
2012 90.235.000.000 -13.21%
2013 88.687.000.000 -1.75%
2014 99.038.000.000 10.45%
2015 109.631.000.000 9.66%
2016 108.808.000.000 -0.76%
2017 117.928.000.000 7.73%
2018 125.802.000.000 6.26%
2019 120.611.000.000 -4.3%
2020 107.000.000.000 -12.72%
2021 127.641.000.000 16.17%
2022 139.494.000.000 8.5%
2023 136.384.000.000 -2.28%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Noritake Co., Limited Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 2.554.000.000 100%
2019 2.571.000.000 0.66%
2020 2.294.000.000 -12.07%
2021 2.324.000.000 1.29%
2022 2.375.000.000 2.15%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Noritake Co., Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 8.599.000.000
2005 8.031.000.000 -7.07%
2006 7.386.000.000 -8.73%
2007 7.900.000.000 6.51%
2008 8.005.000.000 1.31%
2009 7.670.000.000 -4.37%
2010 6.881.000.000 -11.47%
2011 6.374.000.000 -7.95%
2012 6.174.000.000 -3.24%
2013 6.331.000.000 2.48%
2014 7.203.000.000 12.11%
2015 8.133.000.000 11.43%
2016 8.550.000.000 4.88%
2017 8.804.000.000 2.89%
2018 8.422.000.000 -4.54%
2019 8.374.000.000 -0.57%
2020 7.964.000.000 -5.15%
2021 8.870.000.000 10.21%
2022 9.265.000.000 4.26%
2023 9.596.000.000 3.45%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Noritake Co., Limited EBITDA
Year EBITDA Growth
2004 10.816.000.000
2005 12.336.000.000 12.32%
2006 13.629.000.000 9.49%
2007 15.190.000.000 10.28%
2008 5.594.000.000 -171.54%
2009 2.671.000.000 -109.43%
2010 8.676.000.000 69.21%
2011 6.307.000.000 -37.56%
2012 4.722.000.000 -33.57%
2013 4.992.000.000 5.41%
2014 7.223.000.000 30.89%
2015 9.073.000.000 20.39%
2016 8.960.000.000 -1.26%
2017 11.079.000.000 19.13%
2018 13.854.000.000 20.03%
2019 10.774.000.000 -28.59%
2020 9.289.000.000 -15.99%
2021 17.237.000.000 46.11%
2022 17.203.000.000 -0.2%
2023 13.656.000.000 -25.97%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Noritake Co., Limited Gross Profit
Year Gross Profit Growth
2004 36.823.000.000
2005 37.317.000.000 1.32%
2006 37.206.000.000 -0.3%
2007 39.154.000.000 4.98%
2008 28.908.000.000 -35.44%
2009 21.938.000.000 -31.77%
2010 28.990.000.000 24.33%
2011 24.168.000.000 -19.95%
2012 21.379.000.000 -13.05%
2013 22.537.000.000 5.14%
2014 26.181.000.000 13.92%
2015 29.246.000.000 10.48%
2016 29.271.000.000 0.09%
2017 31.444.000.000 6.91%
2018 33.950.000.000 7.38%
2019 30.566.000.000 -11.07%
2020 26.673.000.000 -14.6%
2021 35.070.000.000 23.94%
2022 35.356.000.000 0.81%
2023 37.096.000.000 4.69%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Noritake Co., Limited Net Profit
Year Net Profit Growth
2004 4.002.000.000
2005 5.031.000.000 20.45%
2006 5.795.000.000 13.18%
2007 5.669.000.000 -2.22%
2008 -6.861.000.000 182.63%
2009 -4.500.000.000 -52.47%
2010 1.858.000.000 342.2%
2011 4.467.000.000 58.41%
2012 1.644.000.000 -171.72%
2013 1.313.000.000 -25.21%
2014 2.059.000.000 36.23%
2015 4.412.000.000 53.33%
2016 4.107.000.000 -7.43%
2017 13.432.000.000 69.42%
2018 9.707.000.000 -38.37%
2019 3.415.000.000 -184.25%
2020 2.806.000.000 -21.7%
2021 9.068.000.000 69.06%
2022 10.024.000.000 9.54%
2023 11.012.000.000 8.97%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Noritake Co., Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 264
2005 335 21.19%
2006 392 14.54%
2007 384 -2.35%
2008 -468 181.84%
2009 -313 -49.52%
2010 132 338.93%
2011 320 58.93%
2012 110 -190%
2013 89 -23.6%
2014 143 37.76%
2015 307 53.42%
2016 286 -7.34%
2017 936 69.41%
2018 676 -38.52%
2019 237 -184.81%
2020 195 -22.16%
2021 628 69.11%
2022 695 9.51%
2023 760 8.68%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Noritake Co., Limited Free Cashflow
Year Free Cashflow Growth
2004 4.147.000.000
2005 2.482.000.000 -67.08%
2006 4.347.000.000 42.9%
2007 796.000.000 -446.11%
2008 251.000.000 -217.13%
2009 2.194.000.000 88.56%
2010 3.972.000.000 44.76%
2011 -655.000.000 706.41%
2012 -2.576.000.000 74.57%
2013 -1.573.000.000 -63.76%
2014 324.000.000 585.49%
2015 1.400.000.000 76.86%
2016 5.746.000.000 75.64%
2017 5.335.000.000 -7.7%
2018 2.908.000.000 -83.46%
2019 1.114.000.000 -161.04%
2020 -527.000.000 311.39%
2021 8.014.000.000 106.58%
2022 -5.571.000.000 243.85%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Noritake Co., Limited Operating Cashflow
Year Operating Cashflow Growth
2004 7.616.000.000
2005 5.873.000.000 -29.68%
2006 8.308.000.000 29.31%
2007 5.780.000.000 -43.74%
2008 5.688.000.000 -1.62%
2009 5.334.000.000 -6.64%
2010 7.293.000.000 26.86%
2011 3.338.000.000 -118.48%
2012 4.234.000.000 21.16%
2013 4.878.000.000 13.2%
2014 5.066.000.000 3.71%
2015 6.114.000.000 17.14%
2016 9.128.000.000 33.02%
2017 9.684.000.000 5.74%
2018 8.237.000.000 -17.57%
2019 8.232.000.000 -0.06%
2020 5.903.000.000 -39.45%
2021 12.835.000.000 54.01%
2022 -213.000.000 6125.82%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Noritake Co., Limited Capital Expenditure
Year Capital Expenditure Growth
2004 3.469.000.000
2005 3.391.000.000 -2.3%
2006 3.961.000.000 14.39%
2007 4.984.000.000 20.53%
2008 5.437.000.000 8.33%
2009 3.140.000.000 -73.15%
2010 3.321.000.000 5.45%
2011 3.993.000.000 16.83%
2012 6.810.000.000 41.37%
2013 6.451.000.000 -5.57%
2014 4.742.000.000 -36.04%
2015 4.714.000.000 -0.59%
2016 3.382.000.000 -39.38%
2017 4.349.000.000 22.23%
2018 5.329.000.000 18.39%
2019 7.118.000.000 25.13%
2020 6.430.000.000 -10.7%
2021 4.821.000.000 -33.37%
2022 5.358.000.000 10.02%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Noritake Co., Limited Equity
Year Equity Growth
2004 66.283.000.000
2005 76.024.000.000 12.81%
2006 79.270.000.000 4.09%
2007 78.083.000.000 -1.52%
2008 62.163.000.000 -25.61%
2009 59.398.000.000 -4.66%
2010 57.457.000.000 -3.38%
2011 60.607.000.000 5.2%
2012 66.006.000.000 8.18%
2013 68.601.000.000 3.78%
2014 78.923.000.000 13.08%
2015 76.748.000.000 -2.83%
2016 83.927.000.000 8.55%
2017 103.025.000.000 18.54%
2018 107.348.000.000 4.03%
2019 103.756.000.000 -3.46%
2020 113.985.000.000 8.97%
2021 118.798.000.000 4.05%
2022 128.961.000.000 7.88%
2023 136.788.000.000 5.72%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Noritake Co., Limited Assets
Year Assets Growth
2004 128.287.000.000
2005 143.433.000.000 10.56%
2006 148.827.000.000 3.62%
2007 141.643.000.000 -5.07%
2008 113.077.000.000 -25.26%
2009 109.594.000.000 -3.18%
2010 116.126.000.000 5.62%
2011 117.735.000.000 1.37%
2012 114.418.000.000 -2.9%
2013 118.774.000.000 3.67%
2014 145.836.000.000 18.56%
2015 135.931.000.000 -7.29%
2016 142.362.000.000 4.52%
2017 156.459.000.000 9.01%
2018 151.773.000.000 -3.09%
2019 145.923.000.000 -4.01%
2020 154.905.000.000 5.8%
2021 163.562.000.000 5.29%
2022 180.585.000.000 9.43%
2023 186.016.000.000 2.92%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Noritake Co., Limited Liabilities
Year Liabilities Growth
2004 55.046.000.000
2005 59.808.000.000 7.96%
2006 61.720.000.000 3.1%
2007 55.736.000.000 -10.74%
2008 43.886.000.000 -27%
2009 42.883.000.000 -2.34%
2010 50.698.000.000 15.41%
2011 48.839.000.000 -3.81%
2012 47.840.000.000 -2.09%
2013 49.560.000.000 3.47%
2014 63.021.000.000 21.36%
2015 56.168.000.000 -12.2%
2016 55.238.000.000 -1.68%
2017 53.434.000.000 -3.38%
2018 44.425.000.000 -20.28%
2019 42.167.000.000 -5.35%
2020 40.920.000.000 -3.05%
2021 44.764.000.000 8.59%
2022 51.624.000.000 13.29%
2023 49.228.000.000 -4.87%

Noritake Co., Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
9612.07
Net Income per Share
734.58
Price to Earning Ratio
9.75x
Price To Sales Ratio
0.75x
POCF Ratio
0
PFCF Ratio
0
Price to Book Ratio
0.76
EV to Sales
0.68
EV Over EBITDA
7.38
EV to Operating CashFlow
0
EV to FreeCashFlow
0
Earnings Yield
0.1
FreeCashFlow Yield
0
Market Cap
103,78 Bil.
Enterprise Value
94,49 Bil.
Graham Number
12454.25
Graham NetNet
537.66

Income Statement Metrics

Net Income per Share
734.58
Income Quality
0
ROE
0.08
Return On Assets
0.06
Return On Capital Employed
0.07
Net Income per EBT
0.75
EBT Per Ebit
1.38
Ebit per Revenue
0.07
Effective Tax Rate
0.24

Margins

Sales, General, & Administrative to Revenue
0.07
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.27
Operating Profit Margin
0.07
Pretax Profit Margin
0.1
Net Profit Margin
0.08

Dividends

Dividend Yield
0.03
Dividend Yield %
3.21
Payout Ratio
0
Dividend Per Share
230

Operating Metrics

Operating Cashflow per Share
0
Free CashFlow per Share
0
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.05
Return on Tangible Assets
0.06
Days Sales Outstanding
85.95
Days Payables Outstanding
29.57
Days of Inventory on Hand
116.46
Receivables Turnover
4.25
Payables Turnover
12.34
Inventory Turnover
3.13
Capex per Share
0

Balance Sheet

Cash per Share
1.100,42
Book Value per Share
9.384,56
Tangible Book Value per Share
9441.99
Shareholders Equity per Share
9384.56
Interest Debt per Share
460.82
Debt to Equity
0.05
Debt to Assets
0.04
Net Debt to EBITDA
-0.73
Current Ratio
2.25
Tangible Asset Value
134,79 Bil.
Net Current Asset Value
41,13 Bil.
Invested Capital
0.05
Working Capital
50,28 Bil.
Intangibles to Total Assets
0.01
Average Receivables
33,18 Bil.
Average Payables
8,31 Bil.
Average Inventory
32378500000
Debt to Market Cap
0.06

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Noritake Co., Limited Dividends
Year Dividends Growth
2001 9
2002 9 0%
2003 9 0%
2004 6 -80%
2005 9 44.44%
2006 9 0%
2007 9 0%
2008 9 0%
2009 5 -80%
2010 5 0%
2011 7 16.67%
2012 8 25%
2013 7 -14.29%
2014 6 -16.67%
2015 6 0%
2016 6 0%
2017 60 90%
2018 80 25%
2019 100 20%
2020 80 -25%
2021 100 20%
2022 150 33.33%
2023 230 34.78%
2024 0 0%

Noritake Co., Limited Profile

About Noritake Co., Limited

Noritake Co., Limited manufactures and sells industrial, ceramic and material, tabletop, and engineering products in Japan and internationally. The company offers industrial products, such as abrasive wheels, coated abrasives, diamond and CBN tools, and grinding and polishing related products to automotive, steel, and bearing industries. Its ceramics and materials products include electronic pastes for multilayer ceramic capacitors and other electronic parts; thick film circuit boards for automotive, medical instruments, and light emitting diodes; and vacuum fluorescent displays and ceramic cores. In addition, the company develops and produces various engineering equipment, such as mixers for combining ingredients in chemical, medical, and food products; and filtration systems in grinding and polishing processes, as well as heating equipment for automobiles, electronic components, and energy-related industries. Further, it offers tabletop products comprising tableware for dining. Noritake Co., Limited was founded in 1904 and is headquartered in Nagoya, Japan.

CEO
Mr. Hiroshi Kato
Employee
4.831
Address
3-1-36, Noritake-Shinmachi
Nagoya, 451-8501

Noritake Co., Limited Executives & BODs

Noritake Co., Limited Executives & BODs
# Name Age
1 Hiroyuki Murai
Managing Executive Officer
70
2 Mr. Masahiko Horie
GM of Ceramic & Materials Business HQ, Quality Assurance Dept. and Managing Executive Officer
70
3 Mr. Makoto Okabe
Senior Managing Executive Officer, GM of Sales Division & Industrial Products Group and Director
70
4 Mr. Hiroshi Kato
President & Chairman
70
5 Ms. Yuko Fuma
Managing Executive Officer & Director
70
6 Tomoaki Maeda
Managing Executive Officer & GM of Industrial Equipment Division
70
7 Mr. Shuji Shite
Senior Managing Executive Officer
70
8 Mr. Hiroshi Yorita
Managing Executive Officer and Group GM of Ceramics & Materials Group
70
9 Mr. Akira Higashiyama
Vice President & Representative Director
70
10 Mr. Yoshimasa Nakamura
Group Deputy GM of Corporate Administration and GM of Finance & Accounting Dept & Director
70

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